Callouts & quotes from 515+ activist slides

"ROVI's claim that it began a director search process in March 2014 is simply false and is directly contradicted by its own proxy statement."

"Viacom's Outside Directors' Median Pay Last Year (2014) was $314,000 - Higher Than Disney, Time Warner, Discovery, Fox , Scripps, and AMC."

"Shareholders can act today by voting on the GOLD proxy card to elect all four of Elliott's nominees to the Phillips 66 Board of Directors."

"Shareholders can act today by voting on the GOLD proxy card to elect all four of Elliott’s nominees to the Phillips 66 Board of Directors."

"We Believe Change Is Needed After Years Of Missed Expectations And Poor Results. We Believe We Have A Superior Slate Of Director Nominees"

"If elected, Nelson’s first action as a P&G Director would be to recommend that the Board reappoint the P&G nominee who was not re-elected"

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"David Cush is part of Elliott's slate of eight independent, highly qualified director nominees to Southwest Airlines' Board of Directors."

"One of the leaders of HON became Porch's Director of Inspection, and left in November of 2019 to join iGo Academy, part of InspectionGo."

"OUR PROPOSED DIRECTORS AND SUGGESTED MANAGEMENT TEAM OFFER A SUPERIOR VALUE PROPOSITION, INCLUDING A PATH TO A MUCH HIGHER SHARE PRICE."

"Only 2 out of the Company’s 10 current directors have meaningful, relevant operating experience at a retailer outside of Office Depot."

"... an alarming web of extensive ties between Keisei directors and OLC preventing an objective assessment of the outsized OLC stake..."

"4 of the 5 members are still involved with Danimer: John Dowdy (CFO), Greg Calhoun (Director), Richard Ivey (Marketing), Ralph Powell"

"Mr. Ajdler will bring extensive public company director experience, as well as a DND shareholder’s perspective and finance expertise"

"Outside Directors are Among the Highest Paid in the Media Sector, Perhaps Explaining their Generosity Towards Viacom's CEO and COO"

"The reality is that 9 out of 10 of P&G’s independent directors have seen the Company underperform peers since they were appointed."

"Treasury Secretary Scott Bessent and President Trump’s FHFA Director will be free to modify the terms of the PSPAs as they see fit"

"Bilge Ogut and Jean-Baptiste Wautier joined the Board of Directors in 2025 while Bronwyn Curtis and Tope Lawani departed the Board"

"The presence of non-independent directors on key committees may diminish a committee’s ability to oversee management objectively."

"From Sept. 2020 through 2023, Mr. Shaw made 11 separate open market sales – more than any of his fellow directors or executives."

"For over 5 years, shareholders have been asking to vote on directors annually; For over 5 years, shareholders have been ignored"

"Hess has paid current directors more than $30 million over their tenure while delivering stockholders material underperformance"

"Shareholders can choose between two slates: the Vivendi slate or a slate with Independent directors that represent the market."

"The Lead Independent Director, especially in a dual Chairman and CEO role, should be like 'Caesar's wife' - beyond suspicion."

"Great companies that have lost their way – like Disney – often thrive after new directors, nominated by Trian, are appointed."

"The first thing is, adding credible directors to the board to instill a culture of accountability of Phillips 66 management."

"For that reason, we decided to nominate eight highly-qualified director candidates for election at the 2021 Annual Meeting."

"We are clearly concerned that Mr. Melamed's and Director Geller are both associating with Mr. Rieu given his open SEC case."

"a single nominee from an outside shareholder in a boardroom of 12 directors is not sufficient to bring about needed change"

"Since he was the original director, it makes sense that Norihiko Ishihara reportedly spent time promoting NNJ across Asia."

"We look forward to discussing these points with the Board of Directors as well as the other shareholders at the next AGM."

"Halit Coussin and Charlotte Denton joined the Board of Directors while Rupert Morley became Chairman of the Board in 2024"

"In fact, no director or member of senior management has purchased a single share of stock in the open market since 2013."

"We really struggle to see which Director has the professional capability to oversee these complex investment decisions."

"Hess Claims Process to Update Directors Began Last August But Hess Pushed Out Sam Nunn Who Was Actually Added in August"

"NO legacy directors were refreshed between 2018 - 2021; new directors were ALL added by expanding the size of the Board"

"NO legacy directors were refreshed between 2018 - 2021; new directors were ALL added by expanding the size of the Board"

"These three interrelated directors hold ALL Board leadership positions, including Chairman and chair of all committees."

"Properly evaluating and executing a portfolio simplification will take credible, experienced and independent directors."

"We propose the addition of at least three truly independent directors to the boards of Samsung Holdco and Samsung Opco"

"The Company has manipulated the director election process, forcing Elliott to sue to insure its rights are protected."

"Oasis proposes giving external directors stock compensation (RSUs) to better align them with Kao’s long-term success."

"Only 1 of 12 independent Nestlé directors (newly appointed Kasper Rorsted) has fast-moving consumer goods experience"

"LEADING PROXY ADVISORY FIRM ISS RECOMMENDS PHILLIPS 66 SHAREHOLDERS VOTE FOR ALL FOUR OF ELLIOTT'S DIRECTOR NOMINEES"

"Kao’s two-month early announcement of new directors short-circuited what should have been a robust selection process"

"REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST."

"REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST."

"REVITALIZING PHILLIPS 66'S GOVERNANCE WILL REQUIRE CREDIBLE, EXPERIENCED DIRECTORS WHO WILL PUT YOUR RETURNS FIRST."

"All four directors we are seeking to replace lack the necessary operational experience to transform Office Depot."

"These three directors hold ALL leadership positions on the Board, including Chairman and chair of all committees."

"Rounding out Eurofins’ governance shortcomings, its Board of Directors includes Dr. Martin’s brother and ex-wife."

"Spruce Point never likes when executives and directors have little skin in the game when evaluating investments."

"Starboard reconstituted a majority of Marvell's Board with capable directors who guided a successful turnaround."

"GFL’s longest tenured Director is Dino Chiesa. We find him connected to Mr. DiBattista on Facebook as friends."

"Since October 2015, no current director or executive has purchased a single share of stock in the open market."

"Given this distressing history, why would the Board look to add a director with a well-known Reg-FD violation?"

"Given this distressing history, why would the Board look to add a director with a well-known Reg-FD violation?"

"If the person [Lead Director] is not independent or lacks substantive duties, the position is simply cosmetic."